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Project oversight is the process of assuring the quality of project management and delivery. It is a governance role that is designed to reduce project risk and improve outcomes. Project oversight also plays an improvement role in implementing lessons learned. The idea is to stop repeating known mistakes and create consistency in project delivery across an organization. The following are common elements of project oversight.
Methods & StandardsAssuring that projects are delivered according to an appropriate method. Methods may incorporate industry best practices and an organization's knowledge such as lessons learned.Change ControlOversight of change control processes such as a change control board. If a project is taking on new scope in a reckless manner, oversight steps in to correct the problem.
Risk ManagementMonitoring the process of identifying and managing risk. For example, checking that risk continues to be managed as a project takes on changes.Issue ManagementEnsuring that issues are cleared in a timely and reasonable manner. For example, if a stakeholder is hesitating to make a critical decision project oversight might step in to clearly communicate that the project will fail without a timely decision.
Financial ManagementOversight of financial controls, project estimates and budget processes.Performance ManagementAssessing and auditing projects according to common criteria across and organization. Oversight provides immediate feedback if a project is off track.Coaching & MentoringTackling issues in a positive and helpful way as opposed to taking a punitive approach.
CommunicationsMonitoring project communications such as status reports. For example, project oversight might step in if a major risk or issue isn't being sufficiently communicated.ImprovementsProject oversight takes the lessons learned from projects and implements improvements that become standard for future projects. For example, if a project finds that a particular method of reporting risk is highly effective it can be rolled out to all projects.
Project Management
This is the complete list of articles we have written about project management.
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